ACC 281 Week 1 DQ 2 Why is accounting needed

May 1st, 2015
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ACC 281 Week 1 DQ 2 Why is accounting needed

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Why is accounting needed? - Week 1How would healthcare companies operate without accounting? Why do we need financial and managerial accounting and what are the fundamental differences between the two? You must respond to at least two of your classmates' postings to receive full credit.Accounting allows a company to keep track of all its financial transactions from which financial and managerial reports are produced. These reports provide a way for both external and internal stakeholders to judge a companys financial position and integrity and assists manager in business decisions.Fi

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